Had the appraisal not been high enough then the house would have been a great flip as well so multiple exit strategies there. 

Our plan is to take multiple mortgages and put 20% down on each.

@Bill Capper being licensed in multiple states is  great way to go. 

I go to multiple meetups in the area and I am starting one as well! 

I currently have multiple clients across five states that have followed this model.

Here's some information on a plot of land I am looking at:The plot of land is $70,000, in a beach town (not a popular destination, but also not in a completely run down neighborhood)Has already been zoned/approved for 750 unitsBased on demographics I put rent at $1200 per month per apartment I calculated a construction like this will be around $7 million.Basically, I ran the numbers myself, but I know they are not spot on, and I am simply asking for advice from somebody more experienced in this field to help me out by pointing out things unique to these types of projects.

In my market for the majority of the last couple years it has been a strong sellers market and most homes are going into multiple offers and buyers are waiving inspections, I have seen a lot of poorly done flips that sell for over asking and no inspections, it’s a shame that the buyers are going to be stuck with issues because someone cut corners to make a quick buck! 

I do expect to have multiple properties and multiple partners down the road. 

When I have a common expense such as buying a tool (i.e. a lawn mover) that I use for multiple properties, how do I allocate the deductible expense to the multiple properties I own?

If you wanted to have multiple VAs able to call in and out underneath the call in number then you would set up a ringdown with multiple phone lines underneath the call in number.Ultimately I think you will spend a lot more money and have more difficulty finding a VA with a cell phone plan that is willing to let you forward an unknown amount of calls to them.